 Innovative Solutions for the Future Development of the Energy SectorPiotr F. Borowski European Research Studies Journal, 2024, vol. XXVII, issue 3, 297-307 Abstract: Purpose: The purpose is to showcase the most important innovative initiatives undertaken by energy enterprises to meet the demands of the modern economy. The research focused on identifying and analyzing key technologies and strategies that energy enterprises are implementing in response to the growing challenges related to energy efficiency, sustainable development, and regulatory compliance. Design/Methodology/Approach: The research utilized the desk research method and the observation method to obtain a comprehensive view of the innovative initiatives undertaken by energy enterprises. The desk research method enabled an in-depth analysis of the relevant literature, industry reports, and scientific publications, providing insights into the latest trends and solutions in the energy sector. The observation method allowed for the direct verification of the obtained results by analyzing the practices employed by specific enterprises in real-world conditions. Findings: The research findings identified eight key areas currently being developed in the energy sector: Advanced Photovoltaics, AI and Big Data, Distributed Energy Storage Systems, Hydropower, Wind Energy, Bioenergy, Grid Integration, Green Hydrogen, Advanced Robotics, and Blockchain technology. Practical Implications: The research findings highlight the development directions of the energy sector, enabling decision-makers to make informed decisions regarding the implementation of innovative solutions. The results also provide valuable information on current trends and strategies in energy, indicating significant technologies and practices that can contribute to increased efficiency, sustainable development, and competitiveness of energy enterprises. This allows decision-makers to better plan and execute innovative projects that address the contemporary challenges and needs of the energy market. Originality value: Keywords: Energy enterprises; renewable energy sources; bioenergy; digitization. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxvii:y:2024:i:3:p:297-307 Access Statistics for this article More articles in European Research Studies Journal from European Research Studies Journal |
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